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Updated 14:54 08/05/21

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August Gold News 2019

This week the silver spot price has risen by almost 8%, climbing from a £13.96 per ounce to the current price of £15.10 per ounce, and peaking slightly higher at £15.29.

In Dollar terms, silver is at $18.39 – the highest it has been since April 2017. This week’s gains show a substantial rise in demand, but can it continue?

30 Aug 2019, 4:58 p.m.
Liam Sheasby

After a calm week for investors, this afternoon has seen a flurry of movement centred around the
US-China trade war.

President Donald Trump took to Twitter shortly after to continue his longstanding criticism of the
Fed, going so far as to question whether Powell or Chinese President Xi Jinping was the greater
enemy to the US economy.

23 Aug 2019, 5:27 p.m.
Liam Sheasby

A host of global economic uncertainties recently have seen investors turning to safe-haven assets, driving the price of gold to register several new all-time highs in Sterling.

Gold is not the only precious metal to rally however. Silver has been climbing too, and has the potential to make further gains.

16 Aug 2019, 2:50 p.m.
Michael Pinson

Data experts at Deutsche Bank are forecasting another quarter of economic contraction in Germany, resulting in a technical recession that could last into next year.

Germany’s industrial production has been impacted by the US/China trade war, which has hit supply chains and commercial demand.

14 Aug 2019, 5:06 p.m.
Liam Sheasby

The US Federal Reserve has announced it plans to cut interest rates by 0.25%, bringing the new benchmark to between 2% and 2.25%.

Committee members voted 8-2 in favour of cutting rates at a meeting yesterday evening, with Eric Rosengren (Boston Fed president) and Esther George (Kansas City Fed president) voting against the decision.

1 Aug 2019, 2:37 p.m.
Liam Sheasby